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Old 01-03-2007, 06:55 PM
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need advise n help... i just done a nake short on YongNam

can anyone advise me???
i thought i bought at 0.245... then ended up i sold at 0.275 (20lots)
then after dat i go n sell 0.28 (20lots)...
total is 40 lots at 0.2775
called up 3 remisers to seek advise, all say... good luck... u in deep shit liao...

then 1 (remiser a) say buy back when the counter goes low...

the other one (remiser b) ask me go n ask the remiser holding my account, mayb he can do some changes for me as in inter trade which means is his fault dat he key in wrongly...

then the remiser c for my account tell me don do anything, n say he will monitor n see how, is it goes low, don buy, if go high, he will call me to buy in...

now i don know what to do liao.... blur liao... which remiser to listen n follow...
a b or c?

i don know y he say buy when it's high... but i understand buy at low to cover my risk...

any advise from you guys??? I am so stupid to key in wrongly... now have to wait for T+4 at 11:15am liao...
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Old 01-03-2007, 07:19 PM
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Hi Cool79,
Relax, I don't think it is so bad ( as in deep shit ).
The market is still very volatile. There may still be downside possibility. For the next four day. Queue for buy order at .27 or .275. I think you will make it... Some ppl purposely "play short", for your case it is accidental. Of course if the counter keep moving up than yes you will be in trouble. But I think there could be intra day low for you to catch anyway.

Cheers !!
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Old 01-03-2007, 07:21 PM
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i don get what u mean by intra day low for me to catch... can explain further?
dat means queue up n buy back at 0.27 or lower to minimize the damage?
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Old 01-03-2007, 07:22 PM
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hope it will bear for t+5 for yongnam counter
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Old 01-03-2007, 07:32 PM
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Quote:
Originally Posted by cool79 View Post
i don get what u mean by intra day low for me to catch... can explain further?
dat means queue up n buy back at 0.27 or lower to minimize the damage?

Yes, queue up to buy back 40 lots at .275 or .27 ( the lower the better but should'nt be greedy at this time as you are bailing yourself out ). If you are able to buy 40 lots back at .275, you lost only $58.02. If you can buy them back at .27, then you make $143.03.

Intra day low means the variation within a trading day. Although the open and close prices may be higher than your .2775, it may hit south to reach .275 and if you queue, you will catch it.

Good luck!
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Old 01-03-2007, 07:35 PM
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i go n sms my remiser n ask him to put as error account... gana scolding from him n ask me not to look at the fourm for advise... Zzzzz

sigh... he also told me not to do anything for now... don buy in at the lower price... puzzled... he will call me again if there's a need to buy in at higher price... blur....
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Old 01-03-2007, 07:39 PM
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Hmm.... wonder why he tells you don't do anything ?? For every cent this counter moves up, you are going to bear higher losses !!

His reaction is not unexpected. Where got such thing as treat it as error If this can be done, no one lose money in the stock market already
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Old 01-03-2007, 07:40 PM
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Just looked at the closing price today, it was .28. I think got chance to catch intra day low at .275 ( half cent only ).
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Old 01-03-2007, 07:43 PM
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ohhhh
understand liao...
mayb see what he had to say tomorrow ba... hopefully he will tell me to buy in at low price... mayb he say wrongly? now totally no mood to do anything liao... now i know how it feel to cant sleep properly after lose of money...

like a time bomb till wed 11am... hope wed 11am my boss not ard to distrub me n let me have peace lookin at the counter...

but do u think dat yongnam will shoot up to higher ground on wed?
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Old 01-03-2007, 07:46 PM
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does he know something dat we all don know at all? mayb he knows the bear is coming over n may make my lose become profit?

but is this counter strong a not? if buy up now at 0.27 then later drop to 0.22 then i lan lan n bang the wall...
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